Core Viewpoint - The stock of Laopu Gold (06181) has dropped over 7%, currently trading at 628.5 HKD, with a trading volume of 631 million HKD. This decline comes amid recent financing activities in the ancient gold jewelry sector, where three out of four brands have secured capital support [1]. Group 1: Company Performance - Laopu Gold's stock fell by 7.23% as of the latest report [1]. - The company has maintained confidence in its sales and profitability outlook for 2026, according to Nomura [1]. - Despite a recent price increase in October, there have been reports of customers queuing outside some stores, indicating continued demand [1]. Group 2: Industry Developments - Baolan Jewelry, focused on ancient gold techniques, announced the completion of its Series A financing on December 1 [1]. - Lin Zhao Jewelry, another ancient gold brand, recently announced a financing round exceeding 100 million RMB, with Dayu Capital as the exclusive investor [1]. - Among the "Four Sisters of Ancient Gold" (Laopu Gold, Junpei, Lin Zhao, Baolan), three brands have now received capital support [1]. Group 3: Financial Implications - A recent change in gold purchase tax is expected to increase Laopu Gold's raw material costs by 6%, which may narrow its gross margin by 3 to 4 percentage points [1]. - However, Nomura believes the actual impact on gross margin will be minimal due to prior price increases and the accumulation of gold inventory at lower costs [1].
老铺黄金午后跌超7% 近期多家古法黄金品牌完成融资